ProAm Explorations: Top 10 Undervalued Oil & Gas Industry Stocks (PMX)
ProAm Explorations is now ranked among the top 10 undervalued stocks in the Oil & Gas industry on the Toronto Stock Exchange or TSX Venture Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company. Valuation methodology provided by Stockcalc (see below).
Oil & Gas: Companies primarily engaged in the drilling for petroleum and natural gas. Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| JEC-X | Jura Energy | 0.06 | 0.13 | 0.07 (118.65) | 545 | 4.3 | 0 | 0 |
| DKL-X | Decklar Resources | 0.17 | 0.4 | 0.23 (128.87) | 48,148 | 17.1 | 0 | 0 |
| PQE-X | Petroteq Energy | 0.02 | 0.04 | 0.02 (94.38) | 390,420 | 14.9 | 0 | 0 |
| CSM-T | ClearStream Energy Servs | 0.04 | 0.11 | 0.06 (143.1) | 128,135 | 5.3 | 0 | 0 |
| XL-X | XXL Energy | 0.25 | 0.77 | 0.52 (208.86) | 1,141 | 1.8 | 0 | 0 |
| SOIL-X | Saturn Oil & Gas | 2.49 | 4.86 | 2.37 (95.02) | 172,989 | 145.3 | 0 | 1.2 |
| PMX-X | ProAm Explorations | 0.01 | 0.03 | 0.02 (196.36) | 5,909 | 0.2 | 0 | 0 |
| WEII-X | Wolverine Energy Infr | 0.06 | 0.14 | 0.08 (141.28) | 16,631 | 6.6 | 0 | 0 |
| GX-X | Guardian Exploration | 0.04 | 0.08 | 0.04 (101.25) | 20,720 | 4.2 | 0 | 0 |
| TPL-X | Tethys Petroleum | 0.83 | 1.69 | 0.86 (103.32) | 8,191 | 103.4 | 2.4 | 4.4 |
More about ProAm Explorations
All data provided as-at market close November 28, 2022. The list is sorted by stocks with the greatest percentage difference between valuation and price. ProAm Explorations ProAm Explorations Corp is engaged in the oil and gas production and the exploration and development of its exploration and evaluation assets. The company operates in Canada and the United States. ProAm Explorations is listed under PMX on the TSX Venture Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs. StockCalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. StockCalc's Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including: Discounted Cash Flow (DCF), Price & Other Comparables, Multiples, Adjusted Book Value (ABV) and Analyst Consensus
Artificial intelligence at Report on Business
Artificial Intelligence at Report on Business Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
